Global Retirement Partners LLC Lowers Stock Position in The York Water Company (NASDAQ:YORW)

Global Retirement Partners LLC trimmed its holdings in shares of The York Water Company (NASDAQ:YORW) by 2.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 15,883 shares of the utilities provider’s stock after selling 412 shares during the period. Global Retirement Partners LLC owned about 0.11% of York Water worth $520,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the business. SG Americas Securities LLC grew its position in York Water by 17.9% during the fourth quarter. SG Americas Securities LLC now owns 6,605 shares of the utilities provider’s stock worth $216,000 after buying an additional 1,005 shares during the period. GSA Capital Partners LLP acquired a new stake in shares of York Water in the 3rd quarter worth approximately $268,000. FMR LLC increased its stake in York Water by 79.9% in the 3rd quarter. FMR LLC now owns 7,271 shares of the utilities provider’s stock valued at $272,000 after purchasing an additional 3,229 shares in the last quarter. D.A. Davidson & CO. acquired a new position in York Water during the third quarter worth $341,000. Finally, PDT Partners LLC raised its holdings in York Water by 7.0% during the third quarter. PDT Partners LLC now owns 10,136 shares of the utilities provider’s stock worth $380,000 after purchasing an additional 663 shares during the last quarter. 49.86% of the stock is owned by institutional investors and hedge funds.

York Water Stock Down 1.3 %

York Water stock opened at $33.11 on Monday. The York Water Company has a fifty-two week low of $29.86 and a fifty-two week high of $41.96. The firm has a market capitalization of $475.79 million, a price-to-earnings ratio of 22.37 and a beta of 0.64. The stock’s fifty day moving average is $32.07 and its two-hundred day moving average is $35.27. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.68 and a current ratio of 0.88.

York Water Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Friday, February 28th will be paid a $0.2192 dividend. The ex-dividend date is Friday, February 28th. This represents a $0.88 dividend on an annualized basis and a yield of 2.65%. York Water’s payout ratio is 59.46%.

York Water Profile

The York Water Company impounds, purifies, and distributes drinking water. It owns and operates three wastewater collection systems; ten wastewater collection and treatment systems; and two reservoirs, including Lake Williams and Lake Redman, which hold approximately 2.2 billion gallons of water. The company also operates a 15-mile pipeline from the Susquehanna River to Lake Redman; and owns satellite groundwater systems in York, Adams, and Lancaster Counties, as well as two impounding dams on primary system located in York and Springfield Townships.